Gaia, Inc. (NASDAQ:GAIA) Shares Shorted: Short Interest Up 96.7% in September

Gaia, Inc. (NASDAQ:GAIA) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 281,139 shares, an increase of 96.7% from the September 15th total of 142,913 shares. Based on an average trading volume of 76,014 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC boosted its stake in Gaia by 247.8% in the 2nd quarter. Squarepoint Ops LLC now owns 43,772 shares of the company’s stock worth $92,000 after purchasing an additional 31,187 shares in the last quarter. Marquette Asset Management LLC purchased a new position in Gaia during the 2nd quarter worth approximately $189,000. Finally, Manatuck Hill Partners LLC purchased a new stake in Gaia during the 4th quarter valued at approximately $290,000. Institutional investors own 40.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GAIA shares. Weiss Ratings upgraded shares of Gaia from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Wall Street Zen downgraded shares of Gaia from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Gaia has an average rating of “Sell”.

Gaia Trading Up 1.5%

Shares of GAIA traded up $0.02 during mid-day trading on Friday, hitting $1.37. 55,959 shares of the company’s stock traded hands, compared to its average volume of 111,211. The business’s 50-day moving average price is $1.43 and its 200-day moving average price is $2.05. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $34.83 million, a P/E ratio of -5.71 and a beta of 0.99. Gaia has a 1 year low of $1.16 and a 1 year high of $6.25.

Gaia (NASDAQ:GAIA) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. The company had revenue of $23.33 million for the quarter, compared to the consensus estimate of $24.60 million. Gaia had a negative return on equity of 5.82% and a negative net margin of 6.08%. As a group, sell-side analysts forecast that Gaia will post -0.41 EPS for the current fiscal year.

Gaia Company Profile

Gaia, Inc is a subscription-based streaming media company focused on conscious living, personal transformation and alternative thought. Through its Gaia streaming platform, the company offers a library of original and licensed programming covering yoga, meditation, fitness, spirituality, personal growth, holistic health, ancient civilizations, documentaries and related topics.

The company distributes its content primarily through Gaia.com and supported digital applications and connected-TV platforms.